Cayman Islands:
Cayman TIA Publishes Updated CRS Guidance Notes
04 August 2017
Maples Group
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Two points of note for Cayman funds that are in scope. First,
the six year record keeping period shall commence on the date when
the relevant information is or should be reported to the TIA under
the CRS Regulations. Second, a self-certification must be obtained
upon account opening and validated as part of a fund's account
opening procedures. The TIA notes that self-certifications will be
one of its areas of focus for enforcement.
"The CRS Guidance Notes
v2.1 dated 31 July 2017 has been published"
http://www.ditc.gov.ky/
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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